Question to the HM Treasury:

To ask His Majesty's Government whether their agreement with the Welsh Government on the Welsh Government’s fiscal framework, published on 19 December 2016, is under review.

We remain committed to working in partnership with the Welsh Government to ensure the Fiscal Framework continues to deliver value for money while upholding our shared commitment to fiscal responsibility. Discussions regarding the Welsh Government’s request to amend the budget management tools outlined in the Framework are ongoing.

As set out in the Welsh Government Fiscal Framework agreed in 2016, a full review is triggered if the Welsh Government’s relative funding falls below 115% of equivalent UK Government spending per head in the rest of the UK.